Robeco Institutional Asset Management B.V. Sells 15,783 Shares of HubSpot, Inc. $HUBS

Key Points

• Robeco Institutional Asset Management B.V. sold 15,783 shares of HubSpot, Inc., decreasing its holdings by 16.3% in the second quarter, now owning 81,099 shares valued at $45,142,000.
• HubSpot reported quarterly earnings of $2.19 per share, exceeding analysts' estimates, with revenue growth of 19.4% year-over-year to $760.87 million.
• Institutional investors own 90.39% of HubSpot's stock, with notable increases in holdings from firms like Price T Rowe Associates and AQR Capital Management.

Robeco Institutional Asset Management B.V. decreased its holdings in HubSpot, Inc. (NYSE:HUBS - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,099 shares of the software maker's stock after selling 15,783 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.15% of HubSpot worth $45,142,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HUBS. Price T Rowe Associates Inc. MD lifted its position in HubSpot by 17.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,910,062 shares of the software maker's stock valued at $2,805,070,000 after acquiring an additional 714,980 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in HubSpot by 37.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 927,927 shares of the software maker's stock valued at $530,115,000 after acquiring an additional 251,853 shares in the last quarter. Vanguard Group Inc. lifted its position in HubSpot by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 5,246,734 shares of the software maker's stock valued at $2,997,407,000 after acquiring an additional 201,994 shares in the last quarter. Nuveen LLC bought a new position in HubSpot in the 1st quarter valued at about $99,963,000. Finally, AQR Capital Management LLC lifted its position in HubSpot by 64.2% in the 1st quarter. AQR Capital Management LLC now owns 341,957 shares of the software maker's stock valued at $191,431,000 after acquiring an additional 133,720 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

HubSpot Stock Up 1.7%

Shares of HUBS stock opened at $452.93 on Friday. The company has a 50 day moving average of $483.26 and a 200-day moving average of $545.08. HubSpot, Inc. has a 12-month low of $418.34 and a 12-month high of $881.13. The firm has a market cap of $23.87 billion, a P/E ratio of -1,969.27, a PEG ratio of 15.35 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The company had revenue of $760.87 million during the quarter, compared to analyst estimates of $739.94 million. During the same quarter last year, the business posted $1.94 EPS. HubSpot's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts expect that HubSpot, Inc. will post 1.01 EPS for the current year.

Insider Activity at HubSpot

In other news, CFO Kathryn Bueker sold 119 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $500.00, for a total transaction of $59,500.00. Following the completion of the sale, the chief financial officer owned 40,563 shares in the company, valued at $20,281,500. This trade represents a 0.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Dharmesh Shah sold 4,747 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $501.60, for a total transaction of $2,381,095.20. Following the sale, the chief technology officer owned 1,271,058 shares of the company's stock, valued at approximately $637,562,692.80. The trade was a 0.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,096 shares of company stock worth $24,062,137. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HUBS has been the topic of several recent research reports. Wall Street Zen cut shares of HubSpot from a "buy" rating to a "hold" rating in a research report on Friday. Piper Sandler assumed coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an "overweight" rating and a $675.00 target price on the stock. Sanford C. Bernstein raised shares of HubSpot from a "market perform" rating to an "outperform" rating and set a $606.00 target price on the stock in a research report on Wednesday, September 3rd. UBS Group reissued an "outperform" rating on shares of HubSpot in a research report on Wednesday, September 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $775.00 target price on shares of HubSpot in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HubSpot currently has a consensus rating of "Moderate Buy" and a consensus price target of $723.11.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.

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